EIA Expectations: Crude -1.2M, Distillate -2.5M, Gasoline -1.5M
The EIA expectations show significant draws in crude oil, distillates, and gasoline stocks, with crude drawing down by 1.2 million barrels against a previous draw of 0.913 million.
The US Trump administration is reportedly nearing a rescue deal for Spirit Airlines, WSJ reports; could provide up to USD 500mln financing for the Co., and could provide warrants for a government stake
Swiss Finance Ministry says UBS (UBSG SW) will remain able to pay dividends under new regulations
EIA Expectations: Crude -1.2M, Distillate -2.5M, Gasoline -1.5M
Enbridge (ENB) reportedly loses its Supreme Court bid to move Line 5 case to federal court
Greek-owned ship attacked by Iran, seizure unconfirmed, CNN reports citing the foreign minister
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- Crude: -1.2M, prev. -0.913M (Private -4.5M)
- Distillate: -2.5M, prev. -3.122M (Private -4.6M)
- Gasoline: -1.5M, prev. -6.328M (Private -5.2M)
- Cushing: prev. -1.727M (Private +0.7M)
- Refining: prev. -2.4%
- Production: prev. 13.596M
This aligns with a tighter supply outlook and may signal upward pressure on energy prices, particularly if factors such as geopolitical tensions continue to influence market dynamics. Watch for price reactions in WTI and Brent as these numbers could further impact inflation and energy-related sectors.
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